India WPI inflation at 9.78% in July 2026; food inflation rises to 6.65%
India’s provisional wholesale price inflation was 9.78% year on year in July 2026, compared with 9.87% in June; WPI food inflation was 6.65%.
What changed
The official July WPI release reported all-commodities inflation of 9.78% year on year. Primary Articles inflation was 8.52%, Fuel & Power 20.05% and Manufactured Products 8.29%.
Why it matters
WPI provides a view of wholesale price pressure and can help explain input-cost conditions even though it is not the RBI’s headline inflation target.
Who is affected
Manufacturers, procurement teams, investors, economists and businesses sensitive to wholesale input prices.
Action required
Businesses should compare relevant WPI sub-indices with their own cost basket. Investors should read WPI alongside CPI, commodity prices and company margins.
What happened
India’s provisional wholesale price inflation was 9.78% year on year in July 2026, compared with 9.87% in June; WPI food inflation was 6.65%. July 2026 WPI inflation: 9.78%. June 2026 WPI inflation: 9.87%. Primary Articles: 8.52%; Fuel & Power: 20.05%; Manufactured Products: 8.29%. WPI food inflation: 6.65%. The WPI series uses base 2022-23.
Why it matters
Wholesale and consumer inflation measure different baskets and stages of the price chain. A high WPI print does not translate mechanically into the same CPI outcome or a specific monetary-policy decision. WPI provides a view of wholesale price pressure and can help explain input-cost conditions even though it is not the RBI’s headline inflation target.
What readers should do
Businesses should compare relevant WPI sub-indices with their own cost basket. Investors should read WPI alongside CPI, commodity prices and company margins.
Finin2min verification note
The July WPI figures are provisional and can be revised. The source link above is the evidence anchor for this story. Where the item is a consultation, proposal or policy speech, it is expressly labelled as such and is not presented as final law.
Date relevance check
Source and event are current for the 11–15 August 2026 review window.
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